Crude

Crude Oil

Guyana Talking to Middle East Firms About Offshore Oil Auction

Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields.

Crude Oil

Crude Prices at $100 Could Prompt Major Rise in US Tight Oil Output

Tight oil output from the US could jump by 2.2 million barrels per day if crude prices trade around or above $100 per barrel, driven by growing demand and conti…

Crude Oil

Barclays Raises 2022 Crude Oil Price Forecasts on Higher IEA Demand View

Barclays raised its crude oil price forecasts for 2022 on Monday, driven by a revision to demand estimates by the International Energy Agency (IEA) last week.

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

Oil Price

Oil Prices Pump over 3% on Supply Concerns over Ukraine Crisis

Oil prices rose for an eighth straight week amid growing concerns about supply disruptions as a result of intensifying geopolitical tensions in eastern Europe a…

Oil Price

Big Oil Is Pumping out Cash as if $100 Oil Has Already Arrived

The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.

Oil Price

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.

Crude Oil

Mexico Slashes Oil Exports to India

Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year.

Crude Oil

Iraq Ready To Execute Four Game-Changing Energy Projects

According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergie…

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Crude Oil

Shell Makes 'Encouraging' Oil Discovery Offshore Namibia

Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia.

Crude Oil

Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges

Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.

Oil & Gas Supply

Opec+ Agrees 400,000 b/d Hike for March

Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.